$0.08 EPS Expected for Airgain Inc (AIRG) This Quarter

Analysts expect Airgain Inc (NASDAQ:AIRG) to post $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Airgain’s earnings, with estimates ranging from $0.07 to $0.08. Airgain reported earnings per share of $0.10 during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 14th.

On average, analysts expect that Airgain will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.13. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Airgain.

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AIRG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Airgain from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, January 8th. Cowen boosted their price objective on Airgain from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Six investment analysts have rated the stock with a buy rating, Airgain currently has a consensus rating of “Buy” and a consensus price target of $13.25.

AIRG stock traded down $0.30 during trading on Friday, hitting $9.74. 2,750 shares of the company traded hands, compared to its average volume of 29,162. The stock has a market cap of $103.06 million, a P/E ratio of 90.91 and a beta of 1.60. Airgain has a 1 year low of $7.40 and a 1 year high of $14.17.

Institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Airgain in the fourth quarter valued at approximately $75,000. Gagnon Securities LLC purchased a new stake in shares of Airgain in the third quarter valued at approximately $117,000. Dimensional Fund Advisors LP purchased a new stake in shares of Airgain in the second quarter valued at approximately $138,000. JPMorgan Chase & Co. increased its position in shares of Airgain by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock valued at $680,000 after buying an additional 17,238 shares in the last quarter. Finally, Perkins Capital Management Inc. purchased a new stake in shares of Airgain in the third quarter valued at approximately $822,000. Institutional investors and hedge funds own 31.10% of the company’s stock.